For the second consecutive year, Canada is positioned as the world’s third-largest wheat exporter, following only Russia and the European Union. The U.S. Department of Agriculture reports that Canada’s 2023-2024 wheat exports have surpassed Australia’s, a trend projected to continue into 2024-2025.
Agriculture and Agri-Food Canada’s recent outlook estimates a 1.8% year-over-year increase in Canadian crop production, largely due to improved yields in the prairie provinces, where drought impacts were milder than in previous years. Last year, despite challenging conditions, Canada exported 21.8 million tonnes of wheat to countries including China, Indonesia, Japan, Bangladesh, and the U.S.
Farm Credit Canada economist Justin Shepherd notes that advances in agricultural research and genetics have boosted Canada’s wheat yields over time. While annual production can vary with weather, Canada’s long-term output continues to grow.
Demand for Canadian wheat, particularly durum, is strong in regions like Europe and North Africa. According to the Canadian Grain Commission, durum exports are already 25% higher this fall compared to last year, bolstered by favorable currency exchange rates. Stewart Oke of Alberta Grains highlights that Canada’s investments in drought-resistant wheat genetics have helped sustain yield increases despite climate challenges.
